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ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message of congratulations to President of Kazakhstan Kassym-Jomart Tokayev on the occasion of his country’s Republic Day. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai; and His Highness Sheikh Mansour bin ...

ABU DHABI / WAM Trends Research and Advisory has released its roadmap to the Conference of the Parties to the United Nations Framework Convention on Climate Change (COP28). During a briefing, which was held at the TRENDS Conference Hall, Dr Mohammed Abdullah Al-Ali, CEO of Trends Research and Advisory, said that the centre’s roadmap supports the UAE’s efforts to host ...

FUJAIRAH / WAM The National Bank of Fujairah (NBF) announced its results on Wednesday for the nine-month period ended September 30. NBF recorded year-on-year growth of 122.5 percent to close the nine-month period with a net profit of AED 513.2 million compared to AED 230.7 million in the corresponding period of 2022. On the back of a robust Q3 2023 ...

LUANDA / WAM Mira Sultan Al Suwaidi, Member of the UAE Parliamentary Division at the Inter-Parliamentary Union (IPU), participated in the meeting of the Bureau of IPU’s Committee on Sustainable Development, Finance, and Trade held on Wednesday in the Angolan capital, Luanda, as part of the IPU’s 147th General Assembly meetings. During the meeting, Al Suwaidi presented the UAE’s preparations ...

ABU DHABI / WAM Dr Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, welcomed Neil Gray, Scotland’s Cabinet Secretary for Wellbeing Economy, Fair Work and Energy, to the UAE on Wednesday to discuss ways to develop trade and investment opportunities between the two countries — the latest in a series of high-level exchanges between the UAE and ...

BLOOMBERG It’s a familiar pattern that’s played out time and again during China’s stock market rout this year: Bold policy steps to rejuvenate the economy spark a flicker of enthusiasm at the start of the trading day but the recovery fails to last and concern swiftly returns to the troubled property sector. Such was the price action that greeted the ...

BLOOMBERG US equity-index futures dropped after Microsoft Corp and Google’s parent Alphabet Inc delivered a mixed picture of big tech earnings. Contracts on the Nasdaq 100 sank 0.6% and those on the S&P 500 were down 0.4%. Alphabet fell more than 7% in premarket trading after its cloud unit reported a smaller than expected profit. Microsoft, on the other hand, ...

ABU DHABI/ WAM The National Marine Dredging Company (NMDC) announced its record growth rates in net profits during the third quarter of 2023, reaching AED1.513 billion for the first nine months. This reflects the organisation’s leading position in the local, regional and global markets, as well as its strategic role in implementing major vital projects by enhancing its competitiveness and ...

ABU DHABI/ WAM Investcorp Capital plc has announced its intention to proceed with an IPO of 643,000,000 ordinary shares with a nominal value of USD 0.50 (equivalent to AED 1.84) each representing approximately 29.34% of its issued share capital post issuance of the new shares and to admit its shares for listing and trading on the Abu Dhabi Securities Exchange ...

ABU DHABI/ WAM H.H. Sheikh Theyab bin Mohamed bin Zayed Al Nahyan, Chairman of the Office of Development Affairs at the Presidential Court, has met with frontline health workers of the Emirates Polio Campaign (EPC) in Pakistan to thank them for their skill and tireless efforts in helping to stamp out polio. In a video call to mark World Polio ...